Chinese search engine operator Baidu beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its streaming service iQiyi.

After the German press published an interview with brand CEO Pier Paolo Righi, it looked like Carine Roitfeld and Hun Kim would take over the late designer's label, an option since denied by the brand to FashionNetwork.

Sainsbury's planned £7.3 billion takeover of Walmart's Asda can only be salvaged if Britain's competition regulator fundamentally changes its analysis of Britain's grocery market, experts said on Thursday.